its a traphoosier craw daddy says that this may be a bull trap coming in the next couple months. we are at the peak of second stage bull market cycle, but price will revert back to mean. usually third quarter gets more mean reversions. no idea what arbitrage will bring, but watching. just identify cycle, decide best sectors, strategize
Etfs
#BOTX #ETF bouncing off #SMA200 - #trading #stocksNice bullish setup on #BOTZ, yesterday's candle was a bullish rejection candle right at static support (yellow box) and SMA200; this confluence might be confirmed by today's candle. If it closes bullish it's a good opportunity to buy for the mid/long term.
Oil Bullish Push Still A RealityTrend - Bullish
Indicator - 52 Week High
Chart - Weekly
Strategy - Long term bull move
Target - Should reach $13.25 before too much pressure
Exit - Will exit if pair closes with a touch of the 52 week low.
GASL LongNatural Gas will have a supply side constraint due to lower production volumes and a demand uptick due to cold winds affecting US coast. This will result in a upward tick in the stock.
Also based on the technical analysis, a strong upward trend can be observed. The average volume is also increasing which predicts a higher price in the future.
Hence long with USD 30 target
Short on related ETFsMy first idea in a long time haha. There is Bearish doji/top today with its high touching the 10-day SMA. ON top of that, there was a .382 retracement of the the initial pull back of the upward break of the slightly bullish flag. The inverse of .382, 2.618 is around historical support and the bottom of the slightly bullish flag.
JO Analysis (Pennant Forming)Some chart analysis of JO... Short term supports and resistances as well as long term trend shown.
$IYT - Dow Transports - Short Trade Thesis:
Short Dow Transports
The name is showing price weakness as it is wedged between 8 Day and 21 Day Moving average.
I will be monitoring this to see how the trend plays out.
Confirmations:
1. Lower lows and lower highs on Day chart
2. Lower lows and lower highs on Week chart
3. Below 8 Day EMA
4. Doji indicating price indecision on Week chart
Trade:
Short $IYT
Natural Gas ETF long I'm all about generating ideas off of the storm hitting the Gulf right now. With an anticipation in increasing high natural gas prices, I'm looking at this chart. A good buy for me is around 21.55 with an initial target of 23.13, where I will take 2/3 profits and move my stop up from 21.20.
As a disclaimer, this post and previous and future posts are my opinions only. Do not make investment decisions off of my ideas. This is not official advice.
TLT-Looking to buy if support holds.Technically speaking
The ~116 level contains a confluence of support. The trendline going back to 2011 and the low prints going back to 2015 should provide support. We shall see.
On the updside, 128 is the first level of resistance.
What to do?
I will be looking to dips around the 116 level, targeting a move back toward 128. My willingness to buy will depend on price action around the 116 level.
I will update this chart when things change.
$72.00level holding. (XLE) entering the buy zone.The pivot level at $72 is being tested and holding, for now.
I feel the line of least resistance is higher. I am looking for $84 eventually.
I will be looking to buy dips b/w 72-65.
A move under 65 and I would rethink my position.
No position at the moment.
Comparative Analysis: Correlation DX with #USDJPY #ETF #Ni225A Classic example applied in today's market condition between the USDJPY ccy pair, an ETF tracking the Nikkei 225 equity index. Where liquidity, a passive income ETF asset allocation are rolled into an effective strategy. Don not discount that there will always be bumps along the way.
On the other hand, much of our selective ETFs on equities including our DX futures contracts carry over towards the coming 2017 year have performed well above our expectations. One particular ETF (HEWJ) and the NK225 turn around prior to the USDJPY continuing market signal that registered a remarkable comeback to the 105.50 level prior to today's closing for the month was a welcome treat.
Comparative Analysis prominent DXY: